InsuranceMoral hazard Risk reduction Human life value Credit life insurance Pure risk Premium option
Extended Term Insurance
Term insurance is a type of policy that offers an option to continue the insurance for a specific amount even after the policy has ended. This option is known as term insurance and is included in certain policies. It allows the insured to continue their coverage for a predetermined amount according to the policy's conditions. This is a valuable option to consider when choosing a policy and can provide additional security and peace of mind for the insured individual.
Related terms
Understand the meaning and definition of Moral hazard in the context of stock market, trading, and investments.
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